State of Alaska Department of Revenue Sells 379 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

State of Alaska Department of Revenue trimmed its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,161 shares of the industrial products company’s stock after selling 379 shares during the period. State of Alaska Department of Revenue owned about 0.05% of DXP Enterprises worth $275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC increased its position in shares of DXP Enterprises by 117.7% during the third quarter. Lazard Asset Management LLC now owns 910 shares of the industrial products company’s stock valued at $31,000 after buying an additional 492 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of DXP Enterprises during the third quarter valued at about $32,000. Tower Research Capital LLC TRC increased its position in shares of DXP Enterprises by 216.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,197 shares of the industrial products company’s stock valued at $32,000 after buying an additional 819 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of DXP Enterprises by 51.0% during the third quarter. Public Employees Retirement System of Ohio now owns 1,616 shares of the industrial products company’s stock valued at $38,000 after buying an additional 546 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of DXP Enterprises by 67.8% during the first quarter. Captrust Financial Advisors now owns 1,606 shares of the industrial products company’s stock valued at $44,000 after buying an additional 649 shares during the period. 74.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $49.14, for a total value of $491,400.00. Following the sale, the chief marketing officer now owns 621,723 shares in the company, valued at $30,551,468.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 22.10% of the company’s stock.

DXP Enterprises Price Performance

Shares of DXPE opened at $54.02 on Friday. The stock has a market cap of $874.04 million, a PE ratio of 13.92 and a beta of 1.72. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.43 and a current ratio of 2.89. DXP Enterprises, Inc. has a fifty-two week low of $22.06 and a fifty-two week high of $57.38. The firm’s 50-day simple moving average is $43.73 and its two-hundred day simple moving average is $36.50.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Thursday, March 7th. The industrial products company reported $1.12 earnings per share for the quarter. The business had revenue of $407.04 million for the quarter. DXP Enterprises had a net margin of 4.10% and a return on equity of 19.30%. During the same quarter last year, the company posted $0.50 EPS. Analysts anticipate that DXP Enterprises, Inc. will post 3.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of DXP Enterprises from a “c+” rating to a “b-” rating in a research report on Thursday, March 14th.

DXP Enterprises Profile

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).